And our economy is so much like the one in the seventies. Companies are already moving out of China to avoid the tariffs. Our economy is so different think about how you bought things in the seventies.
These are so called 'experts' that have ruined world economy w/ their past failed policies (& continuing to promote them)... bankrupt many countries, debt keeps climbing, big trade deficits, way too low interest rates, negative yields, the failed Euro 'experiment', printing money
PSA: anyone who claims to be an expert on the US economy and doesn’t say it has been a rigged system for forty years... IS part of the scheme or a patsy to it.
Is it possible that Trump will blame the recession on the Chinese whilst claiming that he was working with our best interest. It’s a spin that could work
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Powell: No 'rulebook' on trade, pledges the Fed will 'act as appropriate' to sustain the economyPowell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow. “The global growth outlook has been deteriorating since the middle of last year. Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” Fed Chair Powell said. CNBC : Jim Stewart “the day Navarro leaves will be a big rally” , understatement of the year!
Source: CNBC - 🏆 12. / 72 Read more »
For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters pollThe U.S.-China trade war may blunt some of the stimulus on the U.S. housing mark... The U.S. housing market could lose steam due to foreign development and changes to fiscal policy. Home prices reflects decline of construction, building permits, and home sales. Speculation and fear has created an obstacle in the U.S. economy that they might not recover.
Source: Reuters - 🏆 2. / 97 Read more »
Trump's trade threats increased the chances for a recession, but also a Fed rate cutThe latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates. rate cuts won't help now, Trump fucked up cnbc doing their best for crowd control 😂
Source: CNBC - 🏆 12. / 72 Read more »
Trump blasts Powell and Xi as ‘enemies’ of U.S. as Fed fight, trade war heat upPresident Donald Trump on Friday slammed Federal Reserve Chairman Jerome Powell after a closely watched speech, asking if the central bank chief or China’s... realDonaldTrump idiot in chief
Source: MarketWatch - 🏆 3. / 97 Read more »
Trade slams stocks as Fed takes wait-and-see stance—what experts are sayingEscalating trade tensions and a Federal Reserve speech seemingly tilted toward more interest rate cuts have experts glued to developments out of Washington. TradingNation Trump did that with his trade war deficits and other reckless behavior.
Source: CNBC - 🏆 12. / 72 Read more »
Plosser: Fed may be unable to sustain expansion amid trade war'I really don't like Jay's description of policy being designed to sustain the expansion,' former Philadelphia Fed president Charles Plosser says. He joins CNBC's SquawkStreet to discuss Fed chair Jay Powell's speech in Jackson Hole, Wyoming. SquawkStreet 😍 SquawkStreet Agreed! That’s not one of its two mandates.
Source: CNBC - 🏆 12. / 72 Read more »